personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
Creating Your Own Mutual Fund
Today is the day. Just over one year ago you had received a $500 bonus. There had been something you had your eye on which cost exactly $500. However, instead of spending the bonus you listened to your friends and family and deposited the money into an interest bearing savings account. After all, they made some really good points such as making your money work for you, developing a relationship with a bank, a year wait would also give you the opportunity to decide if you truly wanted the item, develop some personal discipline, and most of all you would earn the interest so if you still wanted the item you would have something left of your bonus.
By V. H. Eberle5 years ago in Trader
Retirement Strategic Financial Planning to Help Plan Your Future
Financial planning takes into account a number of important things in life. For example, it covers everything from how you'll pay for a home in the near future to how you're going to manage your finances into the future. Strategic financial planners work closely with you, using their knowledge and expertise to develop an effective action plan for all your individual situations. They can also help you create a retirement plan to be able to get the most out of your retirement.
By Praveen Palkhade5 years ago in Trader
Section 68 Of Income Tax Act-Unexplained Black Money?
Section 68 of Income Tax Act-Unexplained Cash Credit Section 68 of Income Tax Act 1961, states that if any sum is found credited in the books of accounts of an assessee maintained for any previous year, and the assessee could not provide any explanation about the source and nature thereof,
By Arthik Disha5 years ago in Trader
Bad Credit Home Loan Refinance Loan
Usually, the lending institutions who offer a bad credit home loan refinance loan charge a very high rate of interest than the routine loans. It does not assist at all to get a bad credit mortgage re-finance loan but the debtors do not have any other choice left for the pressure of the circumstances.
By Dave Henderson5 years ago in Trader
5 Tips to Manage Your Finances as a Freelancer
If there’s anything that the year 2020 has taught us, it’s that things can take an unpredictable turn. As freelancers, we often live with this fear on a day to day basis: what if my work dries up, what if there’s a disaster that puts me out of work, and, more recently, what if there’s a global pandemic that means I can’t leave the house for months on end?
By Sophia Carey5 years ago in Trader
What is Debt and Types of Debt?
The question “what is debt” might not seem too hard to answer; however, everyone has a different idea of what it means. For instance, do you consider your student loan debt? Someone else might consider student loans a financial investment that they have no problem paying off over the next ten years. Another person would think of it as just another obligation they have to deal with. A mortgage might be included in someone’s calculation of credit owed or they may consider it a way of life. Owning a home rather than renting means there is an investment. A mortgage is often a necessity for most homeowners because they do not have the income to pay for a house in full at the outset.
By Jacob Tracey5 years ago in Trader
What Is Nostro Account-Vostro And Loro Account
What Is Nostro Account- Vostro And Loro Account ⇒Nostro Vostro Loro Account To facilitate ease of doing international trades & businesses banks generally maintain three types of current accounts for the quick transfer of funds in different currencies namely ‘Nostro’, ‘Vostro’ and ‘Loro’.
By Arthik Disha5 years ago in Trader
On the Pursuit of Poverty
I thought the title had a nice ring to it, albeit nonsensical. Do you remember all those times of playing Monopoly, trying to roll the dice so as to miss integral properties, missing the free parking, and the “Go directly to jail: do not pass go; do not collect $200”? Me neither. Who plays Monopoly to lose? I’m not sure if this is relevant, but ‘monopoly’ is an oxymoron: “single-many.” Or is it? “[Only] one has many.”
By Holly Katie5 years ago in Trader
How Good Financial Habits Affect Your Life
we often talk about the right financial habits that will dramatically affect your financial well-being. Why habits, and not some miracle knowledge or investment? The fact is that we take our work in our school very seriously and are not used to scattering empty words and promises.
By Piyush Patel5 years ago in Trader
3 Ways You Can Take Control Of Your Finances
Money is an ever important part of your life. You always need money, but it seems like there’s never enough for the life you want. The problem is often assumed to be a result of a lower salary than people would like, but proper management of your personal finances can help you rise above that mentality. Here’s what you need to know.
By Lewis Robinson5 years ago in Trader
Mastering your finance
During my life my finance and life were out of control because of debts and spending. I have been through a divorce and many jobs during the last 23 years. I have learned not to put all my eggs in one basket like having one job, because if the company makes you redundant you will lose your job, so it is a good idea to have 2 or more streams of income. I always overcome any difficult challenges in my life and finance, I have a strong mindset and a positive attitude. For example, when I have lost a job, I do not get depressed and worried. In fact, I found a new job within a week. It is also vital to manage better my finance, reduce my outgoing and increase my income. I have created an online course entitled “Mastering your finance” which is a 10 videos course which covers different subjects: mindset, goal settings, compound effect, budget, other people money, reduce your utility bills and increase your income. Since I have started to implement my online course, I have already seen a massive improvement of my finance, a reduction of my outgoings and increase of my income. In 2020 I have cleared off already some loans and credit cards without working more hours. I feel I am in control of my finance. One of the reduction of my going is utility bills (e.g gas, electricity, mobile phones, landline, internet, insurance) and I manage to turn these liabilities to an asset, because I can show people how to start earning money from these bills resulting in increasing of your income. The most important part of this course is budgeting better your current income making sure you have more money coming in than coming out from your bank account. Knowing how you spend your money every month can help you to put in place stricter budget eliminating all the purchases which are no necessary and shopping to cheaper supermarket. This is helpful if you have many direct debits making sure you earn enough money to cover all your outgoings. If you owe debts like credit cards or loans, my online course can help you to reduce them with simple strategies to pay them off.
By Paolo Debernardi5 years ago in Trader
